News
Senior Housing Properties to Buy 2 Biotech Buildings in Boston for $1.1B
Senior Housing Properties Trust has agreed to buy two 15-story biotech medical office buildings, which include a connected three-level, 740-stall, below-grade parking garage, located in Boston’s premier Seaport District for a purchase price of $1.1 billion.
Colliers Expands in U.K. Retail Sector with Acquisition of London’s Briant Champion Long
Colliers International, the third-largest commercial real estate services company in the world, has expanded its presence in the U.K.’s retail real estate arena with the acquisition of Briant Champion Long.
RioCan, Allied JV to Develop M-U Neighborhood in Downtown Toronto
RioCan REIT, Allied Properties and Diamond Corp. are on board to develop a new walkable neighborhood project called “The Well” composed of residential, retail and office space within seven mixed-use buildings in downtown Toronto.
SPECIAL REPORT: MBA Delivers Cautious Economic Outlook for 2014; Financing Hits Highest Level Since ’07
Mortgage originations for multi-family and commercial real estate in the last quarter of 2014 reached the highest volume achieved since 2007. Multi-family financing, in particular, has returned to levels last witnessed at the peak of the market.
Kite Realty–Inland Diversified Merger Shows Retail’s Resurgent Strength
The pending merger of Inland Diversified Real Estate Trust Inc. into a wholly owned subsidiary of Kite Realty Group Trust in a stock-for-stock transaction worth $1.2 billion is just another sign, albeit a very sizable one, of the retail sector’s strength, in light of a recent report from Real Capital Analytics.
Titan Development Expands Industrial Park with 184 Acres
The Titan Industrial Park, located in Schertz and Selma, 20 miles northeast of San Antonio and 60 miles south of Austin almost doubled in size. Titan Development acquired earlier this month 184 acres for development after last August the firm had purchased 124 acres at Enterprise Ave. and Lookout Road.
Economy Watch: Debt Ceiling Lumbers Back Onto National Stage; Vegas Housing Market Closer to Recovery
The House is said to vote on some measure of raising the debt ceiling again. The Vegas real estate market is showing a partial recovery.
Whole Foods Market Opens in Mid-City
Whole Foods Market, the natural and organic food retailer, expanded its New Orleans presence by opening its location on the corner of Broad and Bienville streets
Hedreen Mega-Hotel Project Clears Another Hurdle
Seattle developer R.C. Hedreen & Co. has been pushing through its initiative of developing a mega hotel project In the city’s downtown. With the Pacific Northwest’s rise to prominence in recent years, the major cities have seen their hospitality stock be reassessed as investors are looking to expand the offering and improve Seattle and Portland’s convention centers, as a means of cashing in on the improving markets. The developer is now one step closer to getting its ambitious hospitality development to light, after the downtown Design Review Board has approved its new designs.
W.P. Carey Buys, Leases Back Air Enterprises Warehouse Facility
A Northeast Ohio industrial property recently changed hands. The Air Enterprises Manufacturing/Warehouse Facility in Streetsboro, Ohio, has been acquired by W. P. Carey Inc., a publicly-traded REIT, for a total price of approximately $7 million.